In its ongoing effort to develop a downtown core, the Toronto suburb of Mississauga, Ont., recently announced the launch of M City, a 10-tower, 15-acre, 4.3 million sf master-planned community that, when completed, will cost C$1.5 billion (US$1.118 billion).

Construction is scheduled to begin in late 2017 or early 2018.

This project represents the first residential condominium project undertaken by the private holding company Rogers Real Estate Development Ltd. The Rogers family controls Rogers Communications, Canada’s second-largest communications and media conglomerate.